| Wed 4 Jan 2012, 17:17 | | SALD - Sallies Limited Appointment of new chief executive officer and changes |
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JSE SALD
SAL
SALD - Sallies Limited Appointment of new chief executive officer and changes
to the board of directors
Sallies Limited
(Incorporated in the Republic of South Africa)
(Registration number 1903/001879/06)
JSE Code: SALD ISIN: ZAE000117305
("Sallies" or "the Company")
APPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER AND CHANGES TO THE BOARD OF
DIRECTORS
Debenture holders are advised that Sallies has appointed Mr. Albert Gourley
as the new Chief Executive Officer of Sallies with effect from 4 January
2012. Mr. Albert Gourley has a Bachelor of Business Administration from York
University (now Schulich), Toronto, and a law degree from the University of
Ottawa. He has practiced law since 1992, originally in Canada and then in the
UK and is admitted as a solicitor in both Ontario and the UK. He founded and
managed the South African office of an international law firm with a focus on
mergers & acquisitions, financings and initial public offerings. He has sat
on a number of boards of mining companies and has aided Fluormin, Sallies`s
parent company, in its development since joining the Fluormin board in 2008.
Debenture holders are also advised of the following changes to the board of
directors of Sallies:
- Mr. Patrick Cooke has resigned as an executive director, acting chief
executive officer, chief operating officer and financial director of
Sallies with effect from 4 January 2012.
- Mr. Stephen Morris has resigned as a non-executive independent director
of Sallies with effect from 1 January 2012.
- Mr. Nicholas Davidoff has resigned as a non executive director and non-
executive chairman of Sallies with effect from 4 January 2012.
- Mr. Andrew Kamau has resigned as a non-executive independent director of
Sallies with effect from 1 January 2012.
- Mr. Sandile Swana has resigned as a lead non-executive independent
director of Sallies with effect from 1 January 2012.
- Mr. Mark Bolton has been appointed as a non executive director and non
executive chairman of Sallies with effect from 4 January 2012.
Mr. Mark Bolton has substantial expertise across a broad range of financial
and commercial issues in the resource sector. Mr. Bolton has a Bachelor of
Business degree from the Edith Cowan University, he has completed the
professional program for membership of the Institute of Chartered Accountants
of Australia and he has held a number of senior executive officer positions,
including Chief Financial Officer, Chief Operating Officer and Vice President
- Corporate Development with resource companies listed on the ASX, TSX and
AIM with activities in Australia, Southern and Central Africa, Asia and South
America. Mr. Bolton`s career includes a 10 year tenure with Ernst and Young,
stepping down as Director of Ernst & Young Corporate Finance (Pty) Ltd in
2002. Mark Bolton is currently a director of Fluormin Plc, the parent company
of Sallies.
4 January 2012
Johannesburg
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 04/01/2012 17:17:23 Produced by the JSE SENS Department.
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